Record job ad levels continue while growth subsides
New job advertisements grew nationally by 5.5% in September compared to the same time last year. This result is lower than the average year-on-year growth rate for the past 12 months at 12.2%.
While job ad levels are at record highs, significant growth was experienced in just two states this month, with Tasmania (23.8%) and Western Australia (12.4%) growing at a double-digit rate.
Mining, Resources & Energy continues to lead the way, with the industry experiencing 19% growth compared to the same time last year. This result makes it the 14th consecutive month the sector has recorded the highest job ad growth in Australia.
Government & Defence (17%) and Healthcare & Medical (14%) also posted strong year-on-year results.
The table below represents the top five industries that experienced year-on-year job ad growth in September:
Ten industries recorded a year-on-year decline in job ads in September, with Real Estate & Property recording the greatest decline of 10%. Construction and Advertising, Arts & Media followed with 9% decline compared to the same period last year.
The industries that experienced the greatest year-on-year decline in September are shown below:
All states saw an increase in job ads in September, however the nation’s territories experienced job ad decline. The Northern Territory registered the greatest decline of 3.1% compared to the same time last year, while the ACT experienced a 0.1% year-on-year decline.
While Tasmania recorded the greatest year-on-year job ad growth of 23.8%, the Apple Isle experienced a 3.2% decline compared to the same time last month. Western Australia, which also experienced strong yearly growth of 12.4%, posted flat monthly growth of 0.01%.
The following map outlines the job ad growth experienced across every region compared to 12 months ago:
Australian advertised salaries grew by 3.9% in September, with Western Australia (5.9%) and Tasmania (4.6%) the biggest contributors to the growth. Western Australia also posted the top average advertised state salary of $89,216.
Almost every industry experienced salary growth in September. Mining, Resources & Energy experienced the highest year-on-year salary growth at 9.8% followed by the Legal industry, which recorded 6.7% year-on-year growth. Science & Technology was the only industry to record a decline of 0.1% compared to the same time last year.
The top average annual salary was recorded in Mining, Resources & Energy ($122,123).